Customer Reviews

Mastering Betfair: How to make serious money trading betting exchanges

5 star:		(9)
4 star:		(1)
3 star:		(3)
2 star:		(2)
1 star:		(1)

 

 

The author states the book is "written for the sports trader who is at the stage where he would like to take his trading to the next level.", and discusses the following topics:

The Learning Process
Having Attainable Goals
Your Trading Bank
Paper and Minimum Stake Trading
Learning from Mistakes
Keeping a Trading Diary
Trading from a Plan
Trading Systems
Learn How the Market Reacts
Back-testing
Make Sure Your Strategy Has Been Historically Profitable
Randomness and High Probability Trades
Mistakes and Warning Signs
Protecting Your Bank
A Money Management Plan
Learning to Accept Losses
Be a Contrarian
Trading in Your Own Time Frame
Balancing Trading and Living

It also lists a few trading strategies from certain sports (football, tennis, cricket, golf).

Experienced sports traders will tell you that most of these topics are very important - it's all good solid advice. However, most of the topic content spans four or five pages (of fairly large print), some for only three. As such, no topic is examined in any great detail. The book is more a list of techniques and skills than a training aid.

For example, the Chapter on Learning from Mistakes lists three examples of losing trades, then notes the lessons learned. The learning process itself is not examined - the need to be completely honest about decision making, the failure to recognise bad habits, the need to analyse thoroughly.

Another example: the author suggests only betting with a £20 note under the keyboard, so one doesn't forget the real value of money. Sorry, but that is not the kind of information which will make anyone a better trader.

It's difficult to know what to expect from this book. The front cover reads "How to make serious money trading betting exchanges", yet there is little in-depth content to take the reader to that holy grail.

Having said that, this will probably become the benchmark text for Exchange trading.

In short: There's nothing in this book which you can't read elsewhere for free and in more detail.

If this were a book for beginners I would give 4 stars.

As I have said nothing special.This book maybe ok for a beginner.That it as much as I can say for it.He certainly is not giving you any trade secrets.

Most of he books I read on betfair and/or trading are just a glossary of terms with no real content or ideas. With this book I was refreshingly surprised. The author offers up some plausible ideas and some of his unfinished ideas and research. If you are looking for betfair trading ideas this book is definitely worth a read.

Been trying to trade Betfair for about 12 months without success and if like me you feel that your treading water on Betfair, then this book could be what your looking for.

What I like about this book is doesnt pretend to be something its not, the author doesnt claim to be a professional, just an ordinary guy who understands the trading process (and he does!). I emailed him, as there are some excel spreadsheets he can provide you with and I must say I found Pete a very approachable guy and I have since exchanged one or two emails with him.

I found the book easy to follow and its set out well and the information provided is good and very useful. My thought process has certainly been stimulated to look at the Betfair markets in a different way.

In conclusion; an excellent read and for the cost of a round of drinks its well worth the investment.

When I purchased this book I expected more of a book on how to use Betfair to make money, as Betfair's help is pitifully inadequate. For example it took Betfair's support people 5 emails to me on how to place something as simple as a patent bet. This book covers nothing like that, it seems geared to betting on football matches. Once you have read it, there is no need use it again.

I agree with other reviewers that this book gives a good grounding in the betfair markets and trading psychology. It is easy to read and the chapters are short and concise.

However I would have liked to see more proven strategies in the book. The tennis strategy is well researched and there is lots of evidence to back it up, but that is about it.

Pete mentions strategies for other sports, cricket, football, golf etc, and gives examples where they have profited, but there is no evidence that these strategies would profit long term and no data to back his ideas up.

Overall, it is worth a read, mainly because it's the only book out there aimed at sports trading, instead of financial trading. I look forward to an updated edition in the future with more detail on the strategies.

I am very happy with the book, a good choice for me and for anyone who buys it, recommend. Good reading.

Fantastic book, very well set out and clearly explains to the reader the various tactics to use to master betfair. The Author clearly has a terrific amount of knowledge and is able to pass this on in a clear and instructive way.

Very thorough guide on trading the betting exchanges. Includes the author's personal systems which he backs up using data adn graphs

Ordered this for the kindle just before Christmas. I've never done any trading before reading this book which explains the ins and outs. One strategy that has worked particularly well for me is the authors under/over 2.5 goal strategy. Only gripe with the kindle edition would be that the tables aren't formatted kindly. Overall a good read.